Subscribe to RSS

Market Overview :  US dollar weaker as trade deficit jumps

US stocks finished mixed on Tuesday. The S&P 500 closed 0.4% lower after a a five-day winning streak as a selloff in biotechnology and health-care stocks overshadowed gains in energy and materials sectors. The Dow Jones Industrial Average edged up 0.1%, helped by 7.7% jump in DuPont shares on the news that chemical giant’s longtime chief executive officer will retire on October 16. Investor confidence was undermined by the downgrade of global growth outlook by the International Monetary Fund and US trade balance report. Data showed the US trade deficit jumped almost 16% in August to $48.3 billion mainly due to a negative impact of a strong dollar on US exports. The dollar weakened with the ICE US Dollar index, a measure of the dollar’s strength against a basket of six currencies, falling 0.7%. Today at 12:00 CET Mortgage applications will be released by the Mortgage Bankers’ Associations in US. And at 20:00 CET September Consumer Credit will be published. The tentative outlook is negative.

European stocks closed higher on Tuesday. The Stoxx Europe 600 index rose 0.6% for the third day after a disappointing US jobs report last Friday shifted expectations for the rate hike, leading market participants to believe the Federal Reserve will likely not raise rates this year. EURUSD pair rose. Germany’s DAX 30 index rose 0.9% despite the disappointing report on factory orders which showed German manufacturing orders, adjusted for seasonal changes, dropped 1.8% in August month on month. The decline was largely the result of 3.7% fall in orders from outside the euro- zone, indicating that slower growth in China and other key markets are starting to negatively impact exports from euro-zone’s largest economy. A report today showed industrial production in Germany fell 1.2% after 1.2% rise a month earlier. Today at 9:30 CET Manufacturing and Industrial Production will be released in UK. The tentative outlook is positive. At 15:00 CET the UK National Institute of Economic and Social Research estimate for Gross Domestic Product in three month period ending in September will be released.

Nikkei gained 0.8% today for a sixth session in a row after the Bank of Japan’s decision to keep its monetary stimulus program at 80 trillion yen ($665 billion) annual level unchanged. Tomorrow at 00:50 CET August Machinery Orders, Current Account balance and financial data on foreign and domestic purchases of stocks and bonds will be released in Japan. At 01:00 CET Economy Watchers Survey results will be published. The tentative outlook is negative.

Oil futures prices are rising today after breaking out of month long range the previous day as November West Texas Intermediate oil climbed 4.9%, November Brent oil price on London’s ICE Futures exchange rose 5.4% and closed above $50 a barrel for the first time in a month. Prices were supported by Energy Information Administration report which estimated that crude production was 120,000 barrels a day lower in September than in August and forecast declining output until next August. Today at 15:30 CET Crude Oil Inventories will be released by the Energy Information Administration. Crude oil inventories are expected to fall.

Gold prices are rising for a third straight session on expectation that benchmark interest rates will stay low for longer after a weak jobs report last Friday, lowering the attractiveness of alternative interest bearing investments.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

$20 Trad able Free Forex No Deposit Bonus – Continue Fx

$20 Trad able Free Forex No Deposit Bonus – Continue Fx(0)

$20 Trad able Free Forex No Deposit Bonus on sign-up applicable on first trading account. Start trading with the $20 Trad able Free Forex No Deposit Bonus amount, you can withdraw you profit amount any time of the day. Link:  $20 Tradable Free Welcome Bonus Available to: All new trading account Bonus offer: $20 Trad

Up to 200% Withdrawable Cashback Rebates – ForexTime

Up to 200% Withdrawable Cashback Rebates – ForexTime(0)

Always aims for profitable promotions for ForexTime Customer, this time they have come up with a 200% Cashback rebate bonus promotion which enables traders to earn up to 10,000 USD withdrawable Cashback bonus. Link:  Receive $30 Tradeable Credit Bonus Link:  FX Circuits Live Trading Contest Link:  Demo Forex Trading Contest Link:  Loyalty Cashback Promotions Link: 

50 USD No Deposit Bonus Trading with Bitcoin – UFX

50 USD No Deposit Bonus Trading with Bitcoin – UFX(0)

Start Forex Trading Bitcoin with UFX and Get a $50 Free Bonus. $50 Free Bonus is subject to your phone verification with UFX Account funding in Bitcoin requires a Bitcoin wallet Link:  $50 Forex No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promotion Available to: All new

Start Forex Trading with to get $100 Free Bonus – ACY

Start Forex Trading with to get $100 Free Bonus – ACY(0)

Start Forex Trading with ACY to get $100 Free Bonus. Initial deposit greater or equal to $400, you can claim $100 Forex Free Bonus. Link: Start Trading with to get $100 Bonus Available to: New and Existing clients Ending Date: 31 December 2017 Bonus Offer: Start Forex Trading with ACY to get $100 Bonus to

$888 Extra Forex Bonus Amount Promotions – FortFS

$888 Extra Forex Bonus Amount Promotions – FortFS(0)

$888 Extra Bonus Amount Promotions, All accounts take part in the 888 Extra Bonus Amount Promotions with the exception of Newbie, PRO and STAR live accounts. Link: $888 Extra Bonus Amount Promotions Link: $5 Forex No Deposit Welcome Bonus Link: Up to 50% Bonus of Every Deposit Link: 15% Support Margin Deposit Bonus Available to:

Deposit $500 to Receive a $350 Special Bonus – AvaTrade

Deposit $500 to Receive a $350 Special Bonus – AvaTrade(0)

Deposit $500 to receive a $350 Special Bonus up to 14000. This 35% Special Bonus Promotion is available to USD, EUR, AUD and GBP base currency accounts Link:  100% Bonus to Your First Deposit Link:  30% Sign-up Bonus on your Deposit Link:  30% Enjoy Reduction on Spreads Available to: All new account Ending Date: 31

$50 No Deposit Forex Cash Bonus today – Vantage FX

$50 No Deposit Forex Cash Bonus today – Vantage FX(0)

Open a live trading account and claim your $50 No Deposit Forex Cash Bonus today. $50 No Deposit Forex Cash Bonus is valid for two calendar months from the date it is credited to your trading account. Link:  $50 No Deposit Forex Cash Bonus Available to: New and Existing clients Ending Date: 31 December 2017

Forex Monthly Live Trading competition – Tickmill Ltd.

Forex Monthly Live Trading competition – Tickmill Ltd.(0)

Forex Monthly Live Trading Contest. Put your forex trading skills to test and win up to $1000 every Month! Forex Live Trading Contest is only available for clients of Tickmill Ltd.(FSA Regulated) Link:  Weekly Demo Race Trading Contest Link:  $30 Free Welcome Bonus Offer Link:  Forex Monthly Live Trading Contest Available to: All new traders

50% Deposit Bonus and $30 Free Trading Bonus – XM

50% Deposit Bonus and $30 Free Trading Bonus – XM(0)

Get 50% Deposit Bonus and $30 Free Trading Bonus. XM offers its clients multiple trading benefits to stay at XM, starting with a $30 Free Trading Bonus “No deposit required” Link:  $30 Forex No Deposit Bonus Link:  50% Deposit Bonus up to $500 Available to: All new trading account Bonus offer: 50% Deposit Bonus and

$50 Forex No Deposit Bitcoin Bonus Promotions – UFX

$50 Forex No Deposit Bitcoin Bonus Promotions – UFX(0)

$50 Forex No Deposit Bitcoin Bonus Special Promotion to all new trading account holder. Start Forex Trading Bitcoin with UFX and  Get a $50 No Deposit Bonus Link:  $50 Forex No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  Halloween Trick or Trade Competition Available to: All new trading account Ending Date:

read more

Forex Featured Broker

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories